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kimmaicutler's profile
Kim-Mai Cutler
Kim-Mai Cutler
Kim-Mai Cutler
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@kimmaicutler

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Kim-Mai CutlerVerified account

@kimmaicutler

Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.

San Francisco
medium.com/initialized-ca…
Joined April 2008

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    1. Chris Garrett‏ @cjg2127 8 Oct 2019
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      As shutdown season begins, wish takes addressed that: a) PG&E's costs+rates+profit margins are subject to government approval; b) PG&E is a monopoly that could charge enough to profitably afford extensive maintenance work; c) PG&E shareholders get wiped out by big fire losses

      3 replies 0 retweets 12 likes
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    2. Kim-Mai Cutler‏Verified account @kimmaicutler 8 Oct 2019
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      Replying to @cjg2127

      I don’t believe B. I think it’s faaaaar more expensive than people understand.

      2 replies 0 retweets 8 likes
    3. Kim-Mai Cutler‏Verified account @kimmaicutler 8 Oct 2019
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      Replying to @kimmaicutler @cjg2127

      https://www.sfchronicle.com/california-wildfires/article/PG-E-Judge-s-wildfire-proposal-could-cost-as-13556257.php …

      1 reply 0 retweets 1 like
    4. Chris Garrett‏ @cjg2127 8 Oct 2019
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      Replying to @kimmaicutler

      Yeah, per that article, you're talking around a five-fold increase in rates for a robust maintenance plan. That a) definitely could be absorbed by the Bay Area/Norcal economy, and b) would generate mass public outrage.

      2 replies 1 retweet 6 likes
    5. Alfred Twu‏ @alfred_twu 10 Oct 2019
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      Replying to @cjg2127 @kimmaicutler

      I wonder if the future of PG&E is going to follow the path of private transit companies in the 20th century... Bankruptcy, public takeover, and reliant on bond measures and other subsidies to keep rates affordable

      1 reply 1 retweet 3 likes
    6. Ian Monroe Voting Yes On Prop 15‏ @eean 10 Oct 2019
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      Replying to @alfred_twu @cjg2127 @kimmaicutler

      we never should've banned PG&E from running transit

      1 reply 0 retweets 1 like
    7. Kim-Mai Cutler‏Verified account @kimmaicutler 10 Oct 2019
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      Replying to @eean @alfred_twu @cjg2127

      Well, if we take over PG&E then California will actually have to deal with the question of whether taxpayers want to become insurers of last resort to WUI or render those areas uninsurable.

      1 reply 1 retweet 8 likes
      Kim-Mai Cutler‏Verified account @kimmaicutler 10 Oct 2019
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      Replying to @kimmaicutler @eean and

      Because right now insurance companies can take billions of dollars of claims to PG&E. https://www.wsj.com/amp/articles/pg-e-strikes-11-billion-settlement-with-insurers-over-deadly-wildfires-11568383221 …

      8:47 AM - 10 Oct 2019
      • 5 Likes
      • Kevin Riggle Jon Ian Monroe Voting Yes On Prop 15 Alfred Twu
      1 reply 0 retweets 5 likes
        1. New conversation
        2. Ian Monroe Voting Yes On Prop 15‏ @eean 10 Oct 2019
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          Replying to @kimmaicutler @alfred_twu @cjg2127

          it's only like 1 in 10 fires started by the utilities, just happened to be two huge fires. normally it would be house insurance paying everything out and they know it.

          2 replies 0 retweets 4 likes
        3. Alfred Twu‏ @alfred_twu 10 Oct 2019
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          Replying to @eean @kimmaicutler @cjg2127

          The state government gets taxes from those areas so it'd want to insure them. It'd likely also pass a bunch of laws on mandatory building hardening, land clearance, etc to keep the risk reasonable

          0 replies 0 retweets 2 likes
        4. End of conversation

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